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Canon has announced a couple of new superzoom cameras in the SX160 IS and SX500 IS. The SX160 is the successor to the SX150, while the SX500 is new to the lineup. Both cameras pack a 16-megapixel 1/2.3-inch CCD sensor, 720p video recording at 25 fps, and intelligent image stabilization. The higher-end SX500 IS brings with it a 30x, 24-720mm lens with a 32% improvement in autofocus speed and 33% decrease in shutter lag, making it the top model in the SX line.

Both cameras also boast a 3-inch LCD, with the SX500 having one that's twice as pixel dense as the SX160. Both cameras are set to ship in September, with the SX500 IS (black) selling for $330 while the SX160 IS (black or red) goes for $230.